Latest news with #RocheBobois
Business Journals
02-05-2025
- Business
- Business Journals
Regency Centers expands Miami portfolio with Avenida Biscayne redevelopment
As 2025 continues, fundamental strength in open-air, grocery-anchored shopping centers remains a key trend within the commercial real estate landscape. In recent years, tenants and consumers alike have shown a renewed appreciation for brick-and-mortar retail. Suburbanization and hybrid work models are fueling demand for retail spaces in suburban trade areas with compelling demographics. These shopping centers, which serve as community hubs, benefit from consistent foot traffic driven by necessity-based retailers and service providers, including best-in-class grocers. Open-air retail spaces with a curated merchandising mix, incorporating both national brands and local businesses that meet community needs, have proven resilient over time. Retailers are blending physical stores with e-commerce solutions, such as curbside pickup, to enhance convenience and customer experience. Economic uncertainty has underscored the importance of disciplined capital strategies, including low leverage and targeted investments. Sustainability also remains a top priority, with investors and tenants favoring energy-efficient properties and community-focused developments. Regency's portfolio enhancement in Miami is anchored by the transformation of underutilized or aging properties into vibrant, modern spaces that meet the demands of today's retail real estate market. This approach involves meticulously analyzing market trends and economic indicators and identifying high-potential areas for investment from both a development and redevelopment point of view. Avenida Biscayne In Aventura, Florida, Regency Centers is investing more than $20 million in the redevelopment of three retail buildings totaling more than 28,000 square feet. Located in Northeast Miami's highly affluent Aventura suburb, Avenida Biscayne, a ground-up redevelopment, emphasizes an outdoor-oriented dining experience with large canopies situated adjacent to the restaurant locations. Curating a dining and retail roster that will position Avenida Biscayne as a signature destination, the South Florida team has focused on a thoughtful collection of merchants tailored to the Aventura community. Signed tenants include Roche Bobois, a French company known for its high-end furniture and home accessories; Maman, a café, bakery, restaurant and event space; Bulla Gastropub, LaserAway, Sugared and Bronzed, Sana, Chewy and SweatHouz. Active negotiations are underway on the last few spaces, which will soon elevate the project to fully committed. expand Located on a prime corner in a regional shopping trade area, Avenida Biscayne will serve as the center of choice, offering great visibility, ease of access, and ample parking. Currently, some spaces have been delivered, with the remaining spaces to follow in the coming weeks. Later in the year, openings are expected to follow the completion of buildouts. As Regency continues to expand its presence in the Southeast region, its active capital allocation strategy and transformative redevelopment projects serve as a blueprint for success in the dynamic real estate market. By staying ahead of trends, embracing innovation and fostering community engagement, Regency continues to play a pivotal role in shaping the future of real estate in South Florida and across the country. Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers. Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self- managed, and an S&P 500 Index member.
New York Times
05-04-2025
- Entertainment
- New York Times
Pedro Almodóvar Inspires a New Roche Bobois Collection
This article is part of our Design special report previewing Milan Design Week. Known for palettes that are as flamboyant as his characters, the Spanish filmmaker Pedro Almodóvar uses color as an actor with its own dramatic energy. Recently, he teamed up with Roche Bobois, also renowned for its splashy color sense, to modify classic works from the French furniture company's catalog that will be introduced in Roche Bobois's Milan showroom during the city's Design Week. The Lounge sofa, for example, a precursor of the company's modular Mah Jong seating that was originally designed in 1971 by Hans Hopfer, is being reissued in an edition of 50 for this occasion. Each sofa will feature iconic images from Almodóvar movies and film posters, and will be signed and numbered by the director. Also on view will be the 11-year-old Bubble sofa, designed by Sacha Lakic. Bubble will be shown in four new colors — sky, moss, sun and fiery red — that are heroes of Mr. Almodóvar's most recent film, 'The Room Next Door,' a meditation on friendship and death starring Tilda Swinton and Julianne Moore, which was released late last year. (The sofa itself has a cameo in that movie, popping up in a scene set in a gym.) A rendering of Roche Bobois's updated Lounge sofa, which is being reissued in a limited edition and has the bright colors and iconic images from Almodóvar movies and film posters. A sideboard from Roche Bobois's Rondo collection has been updated with new door panels featuring designs inspired by film posters and Almodóvar's own still-life photos. The director also designed rugs and cushions that have movie poster motifs, including the floral pattern representing 'Volver' (2006), the heavily mascaraed eyes from 'Women on the Verge of a Nervous Breakdown' (1988) and the deadly stiletto signifying 'High Heels' (1991). Apart from the limited-edition Lounge sofa, the collection will be available for purchase in mid-September, in Roche Bobois stores. Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times. Thank you for your patience while we verify access. Already a subscriber? Log in. Want all of The Times? Subscribe.
Yahoo
30-01-2025
- Business
- Yahoo
Roche Bobois Slightly Misses 2024 Revenue Guidance, Says China Boosted Q4
MILAN — French furniture-maker Roche Bobois on Thursday revealed it missed its revised full-year revenue forecast. The Paris-based firm said revenue fell 3.6 percent to 414 million euros from 429.6 million euros in 2023. The 2024 sales figure was slightly lower to its last forecast pegged at 418 million euros in October. In the fourth quarter; however, the group returned to growth, posting revenues of 113.4 million euros, up 3.5 percent from 109.6 million euros in the same period a year earlier. More from WWD Wenjüe Lu Blends Art, Fashion and Philosophy Getting Ready for Gaurav Gupta Couture With Megan Thee Stallion EXCLUSIVE: Frette Taps Former Tory Burch, LVMH Manager as Its First Chief Commercial Officer 'The trend continued to improve during the fourth quarter of 2024,' the group said, noting retail sales of directly operated stores came were up 5.7 percent to 98.8 million euros in the fourth quarter. This figure was also helped by double-digit growth in December driven by the performance of the U.S. and Canadian markets, up 29.7 percent in the December period. Fourth-quarter figures were also bolstered by the integration of Roche Bobois' operations in China. The group has three directly operated stores with locations in Beijing and Shanghai. 'This amounted to an overall contribution of 5.9 million euro to revenue for the fourth quarter of 2024,' the group said. Since at least 2023, Roche Bobois has been strategically focused on fortifying its position in the Chinese market in order to better tap into the growth potential of the world's second-largest economy. As a single market, China has teetered between Roche Bobois' third and fifth top markets. In 2024, Roche Bobois Group took a majority stake in Shanghai Rock Castle Furniture, its lucrative franchisee in China. The group will up its stake in Shanghai Rock Castle, thus increasing it to a 67 percent ownership share in 2025. Overall, the group said it was also able to remedy the delivery delays that impacted sales negatively last year. In the first half the temporary postponement of deliveries was due to a logistics delay at a supplier in Italy, the firm said last September. The group confirmed its full-year EBITDA guidance for 2024, of between 72 million euros and 76 million euros. Roche Bobois is a French family business that was founded by François Roche in Paris in 1960. It has two brands: Roche Bobois, which caters to high-end customers, and Cuir Center, positioned in the mid-range market segment As at Dec. 31, Roche Bobois had 339 stores, including 266 Roche Bobois stores (127 directly operated stores and 139 franchised stores) and 73 Cuir Center stores (22 directly operated stores and 51 franchised stores). Looking ahead, Roche Bobois said it intends to continue this dynamic of store openings in 2025, with two directly operated Roche Bobois stores planned in Austin, Texas, and Las Vegas and one in Herblay, France, in the first quarter of 2025.
